Gold (XAUUSD) Bullish Structure Prepares For Another Upward Continuation

Market Analysis – September 4

Gold (XAUUSD) bullish structure prepares for another upward continuation. The gold market continues to maintain a strong upward bias, with price action holding well above the short-term moving average at $3,460. The Stochastic Oscillator, although slightly elevated, still indicates that underlying bullish momentum has not been fully exhausted. The market’s ability to establish successive higher lows reflects investor confidence and aligns with the broader bullish structure that has been in place since early 2025.

Gold Key Levels

Resistance Levels: $3500, $3600, $3750
Support Levels: $3250, $2960, $2790

Gold Long-Term Trend: Bullish

Technically, price recently tested resistance around $3,600 before retreating slightly toward $3,530. This mild correction reflects natural market behavior following a strong bullish move, providing room for renewed buying interest. The critical support zone lies between $3,430 and $3,460, where past accumulation is expected to drive fresh demand. If this level holds, it will likely serve as a launchpad for further upside movement.

Looking forward, the outlook supports a continuation of bullish price action once the ongoing consolidation completes. Holding support within the $3,460–$3,500 range would strengthen the bullish continuation pattern, setting up an initial retest of $3,600. A decisive break above $3,600 could pave the way toward $3,750, signaling another strong upward leg in line with prevailing market momentum. Traders monitoring forex signals may also observe complementary trends between gold and related currency movements.

Gold Short-Term Trend: Bullish

On the four-hour chart, XAUUSD is experiencing short-term bearish pressure as price pulls back from the $3,600 resistance level. The rejection has driven the market below $3,540, with sellers eyeing the $3,500 support zone.

If the $3,500 level fails to hold, price could extend its decline toward the $3,430–$3,390 demand area for further testing. The stochastic indicator is trending downward, reinforcing short-term selling pressure.

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